Sunday, May 2, 2010

MaxWatt Turbines signs JV for Steam Turbines

Bangalore-based steam turbines manufacturing company MaxWatt Turbines Pvt. Ltd. has entered into joint venture with TGM Turbinas of Brazil and its joint venture company TGM Kanis Turbinen GmbH, Germany to manufacture TGM range of steam turbines in India

Initially, TGM will supply turbines from its manufacturing facility in Brazil, while MaxWatt will source AC generator and electricals and other turbine accessories locally and undertake sales management, projects engineering and contract management. TGM Turbinas and TGM Kanis Turbinen will provide proposal and sales support, project engineering support, after sales support and training of MaxWatt team on TGM turbines.

A new joint venture company formed will be jointly owned by MaxWatt and TGM Turbinas along with TGM Kanis Turbinen. The company will then start manufacturing turbines locally and later expand its product portfolio to cover its entire product range.

Srikanth Nyshadham +91-98665-06729
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